Copeland Capital Management LLC lowered its position in Littelfuse, Inc. (NASDAQ:LFUS – Free Report) by 5.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 300,113 shares of the technology company’s stock after selling 17,058 shares during the period. Littelfuse accounts for 1.7% of Copeland Capital Management LLC’s portfolio, making the stock its 9th largest holding. Copeland Capital Management LLC’s holdings in Littelfuse were worth $75,905,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Key Capital Management INC bought a new position in shares of Littelfuse in the fourth quarter valued at approximately $25,000. Blue Trust Inc. raised its stake in shares of Littelfuse by 1,666.7% in the third quarter. Blue Trust Inc. now owns 106 shares of the technology company’s stock valued at $27,000 after acquiring an additional 100 shares during the last quarter. V Square Quantitative Management LLC bought a new position in shares of Littelfuse in the fourth quarter valued at approximately $30,000. Cullen Frost Bankers Inc. bought a new position in shares of Littelfuse in the third quarter valued at approximately $31,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Littelfuse by 57.6% in the third quarter. Hantz Financial Services Inc. now owns 134 shares of the technology company’s stock valued at $35,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 96.14% of the company’s stock.
Littelfuse Stock Performance
LFUS stock opened at $401.68 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.69 and a quick ratio of 1.91. The company has a 50 day moving average price of $353.09 and a 200 day moving average price of $299.43. Littelfuse, Inc. has a fifty-two week low of $164.98 and a fifty-two week high of $404.80. The stock has a market capitalization of $10.11 billion, a PE ratio of -138.51, a price-to-earnings-growth ratio of 2.53 and a beta of 1.40.
Insider Transactions at Littelfuse
In other Littelfuse news, Director Anthony Grillo sold 5,000 shares of Littelfuse stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $346.24, for a total transaction of $1,731,200.00. Following the completion of the sale, the director owned 69,423 shares of the company’s stock, valued at approximately $24,037,019.52. The trade was a 6.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeffrey G. Gorski sold 3,500 shares of Littelfuse stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $330.32, for a total transaction of $1,156,120.00. Following the sale, the chief accounting officer directly owned 6,433 shares of the company’s stock, valued at $2,124,948.56. This represents a 35.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 49,012 shares of company stock worth $16,227,764 over the last ninety days. 1.00% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on LFUS. UBS Group set a $360.00 target price on shares of Littelfuse in a research note on Thursday, January 29th. Benchmark upgraded shares of Littelfuse from a “hold” rating to a “buy” rating and set a $360.00 target price for the company in a research note on Thursday, January 29th. Oppenheimer lifted their target price on shares of Littelfuse from $380.00 to $430.00 and gave the company an “outperform” rating in a research note on Friday, April 10th. Williams Trading set a $360.00 target price on shares of Littelfuse in a research note on Thursday, January 29th. Finally, Robert W. Baird set a $360.00 price objective on shares of Littelfuse in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $374.00.
Get Our Latest Stock Report on Littelfuse
Littelfuse Profile
Littelfuse, Inc is a global manufacturer of circuit protection, power control, and sensing technologies. Founded in 1927 and headquartered in Chicago, Illinois, the company develops and produces a broad range of products designed to safeguard electrical and electronic systems across a variety of end markets. Littelfuse’s offerings include fuses, semiconductors, relays, and sensors, all engineered to protect against overcurrent, overvoltage, and thermal events in demanding applications.
The company’s product portfolio is organized into key segments such as Automotive, Industrial & Electronics, and Power & Sensor.
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